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traditional economy is an economic system in which traditions, customs, and beliefs help shape the goods and services the economy produces. mostly rural and farm based countries use this
market economy are economic decisions and pricing of goods. services are guided solely by the aggregate integration of a countries people and businesses.
command economy is an economy which production, investment, prices and incomes are determined centrally by a government
mixed economy is an economic system combining private and public enterprise
profit economy is a financial gain, this can be from investment or revenue.
freedom of choice is freedom of economic agents to allocate their resources as they see fit among the options (such as goods, services, or assets) that are available to them
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